Skip Navigation

How do I handle deposits?

expert_oct21 (1).png

How do I handle deposits? Who has Title to Goods?

Deposits can be simply treated as an advance against the contract value to permit the contractor to make upfront purchases for material and labor so that the contractor is not financing its own work.

Title to goods depends on the contractual arrangement made with the contractor and/or supplier. There may be instances where a conditional sales contract, or terms relating to a conditional sale, are included in the contract, which has a feature of title in certain goods. Therefore, not passing to the purchaser until the goods are actually paid for.

What does "Title to Goods" mean?

This refers to who owns what goods or materials. For example, in a conditional sales contract, title to the goods will not pass to the purchaser until the purchase price is paid. If there is no conditional sales, arrangement or provision, then title can pass simply on delivery to the purchaser.

 

Disclaimer:

No Legal Advice Provided

The information provided through this website is intended to provide only general information to the public. Although we make our best efforts to ensure that the information found on our website is accurate and timely, we cannot, and do not, guarantee that the information is either. Nor do we guarantee the accuracy of any information contained on websites to which our website provide links.

Do not, under any circumstances, rely on information found on our website as legal advice. Legal matters are often complicated. For assistance with your specific legal problem or enquiry please contact a lawyer directly.

No Lawyer-Client Relationship Created

Any information sent to Norton Rose Fulbright Canada LLP by email through our website is not confidential and does not create a lawyer-client, advisory, or fiduciary, relationship.

Sensitive Information

We caution you that information transmitted to us through our website may not be secure. We strongly recommend that you do not send confidential or sensitive information to us by e-mail. Should you do so, you do so at your own risk. Norton Rose Fulbright Canada LLP and MyReno411 are not responsible in any way for any loss that you might suffer by the interception or misuse of transmitted information.

No Liability to Norton Rose Fulbright Canada LLP

Your use of information provided through this website is at your own risk. Our website is provided on an ‘as is’ and ‘as available’ basis, without any warranties or conditions of any kind, whether express or implied. Norton Rose Fulbright Canada LLP will not under any circumstances be liable to you or to any other person for any loss or damage arising from, connected with, or relating to the use of our website by you or any other person and any reliance by you of information contained on this website is subject to your release and waiver of all claims as against Norton Rose Fulbright Canada LLP.”

comments powered by Disqus
Meet our expert
Dan Leduc

Dan Leduc
Norton Rose Fulbright Canada 

Dan practises primarily construction law and commercial litigation. Within construction law, he is frequently called upon to advise and represent owners, engineers, subcontractors, suppliers and builders in such front-end services as contract review, tender issues and general construction matters, as well as in litigation and arbitration.